Will China’s production cut affect the steel market in 2022?
Steel exports – China fell in 2020 due to reduced global demand caused by Covid-19. According to the data, China exported 53.67 million metric tons (MMT) of steel in 2020, down 16.5% compared to 2019. According to the November 2021 update of the World Steel Association, China is the largest producer of crude steel in […]
Steel rails for high-speed trains
The construction of steel railways for high-speed trains, 300-350 km/h, represents one of the most demanding applications. Mobility is essential to our modern way of life. For short or medium-distance journeys, rail reduces travel time and CO2 emissions per passenger-kilometre compared to almost all other forms of transport. Consequently, the rails must be more resistant […]
How does Russia’s invasion of Ukraine affect the steel industry
The Russian invasion will not only affect Ukraine’s trade flows, but global flows as well. This to the extent that sanctions are imposed against Russia. In 2020, Ukraine imported goods worth 54 billion dollars. And it exported 49 billion dollars. ArcelorMittal said on Thursday (03.03.2022) that it has taken the decision to stop its steel […]
European steel market shaken by war in Ukraine
The European steel market is shaken as the repercussions of the war in Ukraine begin to spread across the globe. Western nations are responding to the invasion by imposing economic sanctions on Russia, as well as Belarus for its role in allowing Russian troops to advance on Ukraine through its territory. Representatives of EU member […]
The largest steel plant in Ukraine was bombed by the Russian army
Joseph Stalin ordered the Mariupol Steel Plant to be built in 1930 – one of his mega-projects for the industrialization of the Soviet Union. For a while, the complex was one of the largest steel plants in the world. Almost a century later, another Russian leader with Stalinist leanings, Vladimir Putin, ordered its destruction. Production […]
Beltrame makes serious investments at COS Targoviste
COS (Combinatul de Oteluri Speciale) Targoviste is a company with a rich history in the steel industry. In 1969, the Decision to build the Targoviste Steel Plant was signed. And in 1970, work began on the „Intreprenea de Oteluri Alate”. The first capacity was put into operation in December 1973. After that followed the installation […]
Russian steel demand could drop by 30% in 2022
In particular, the demand for steel is dramatically reduced because eight of the 14 Russian car factories have suspended their activities, and the decline of the car industry could be 50%. Russia is one of the largest exporters of steel in the world. Following the war in Ukraine, the European Union dealt a new blow […]
Steel structure of industrial tents made with metallurgical products
Steel structure of industrial tents made with metallurgical products delivered by H Metal. Industrial tents are built from a sturdy steel structure, over which a resistant tarpaulin is added. This type of steel steel structure tents are used all year round and comply with the normed values of snow and wind loads in Romania. It […]
2 factors that shape the dynamics of the steel industry
In the international steel industry, there are a number of factors that have a major impact on the general developments and trends in this industrial branch. 2 factors that shape the dynamics of the steel industry 1.Steel Application Global steel demand as a whole remained constant in 2020. While the EU and North American markets […]
Steel production declined in the first quarter of 2022
World crude steel production for the 64 countries reporting to the World Steel Association was 161.0 million tonnes in March. With a decrease of 5.8% compared to March 2021. Global crude steel production was 456.6 million tons in the first three months of the year, down 6.8% compared to the same period in 2021. Asia […]
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